MMRDA to funding MTHL project
The Mumbai Metropolitan Regional Development Authority (MMRDA) is taking efforts to secure funding for its Mumbai Trans Harbour Link (MTHL) project. It is learnt that Indian Infrastructure Finance Company (IIFCL) may be approached by the authority for securing loan up to roughly 20 per cent of the project cost. Bidding for the proposed project is in progress and the successful company will get the loan if talks with IIFCL succeeds. At a pre-bid meeting, participants expressed concern about securing loan for the link, where traffic will depend on future growth on mainland.